Business

01

Nov

By The Press Editor

Business

Commercial LPG prices hiked by Rs 10 per 19-kg cylinder, check city-wise new rates here

New Delhi: The price of a 19-kg commercial LPG cylinder was increased by Rs 10 to Rs 2,820 from Sunday, according to the revised rates. The cylinder was priced at Rs 2,810 on October 1. This marks the second consecutive monthly increase in commercial LPG prices, adding to the cost burden on hotels, restaurants and other commercial establishments during the peak festive season. Check city-wise new rates In Delhi, the price of a 19-kg commercial LPG cylinder has increased by Rs 10 to Rs 2,820 from Sunday, compared with Rs 2,810 on October 1. The hike varies across major cities.…

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31

Oct

By The Press Editor

Business

UP gets its first Vande Bharat Sleeper! CM Yogi, Ashwini Vaishnaw flag off Varanasi-Delhi train

Varanasi: Uttar Pradesh has received a major railway boost with the launch of the Vande Bharat Sleeper Express between Varanasi and New Delhi. Chief Minister Yogi Adityanath and Union Railway Minister Ashwini Vaishnaw flagged off the new train from Varanasi on Saturday, opening up a faster and more comfortable overnight travel option for passengers heading to the national capital. The new service is expected to strengthen rail connectivity between eastern Uttar Pradesh and Delhi-NCR, particularly benefiting pilgrims, students, working professionals and families who frequently travel between the two regions. Passengers will be able to board the train at night in Varanasi…

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31

Oct

By The Press Editor

Business

Govt scraps petrol export levy, hikes diesel duty to Rs 11.5 and ATF duty to Rs 11 per litre

New Delhi: The Centre has scrapped the export duty on petrol while increasing the special additional excise duty (SAED) on diesel and aviation turbine fuel (ATF), according to fresh notifications issued by the Ministry of Finance. Under the revised rates, petrol exports will no longer attract the levy, while the duty on diesel exports has been raised to Rs 11.5 per litre and that on ATF to Rs 11 per litre. The revised duties came into effect on October 31, following their publication in the Official Gazette. The latest changes mark a shift in the government's export duty structure for…

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30

Oct

By The Press Editor

Business

Indians can now use UPI to book Burj Khalifa, Universal Studios Singapore tickets online

New Delhi: Indian travellers can now use the Unified Payments Interface (UPI) to book tickets online for some of the most popular tourist attractions in the United Arab Emirates (UAE) and Singapore, including the Burj Khalifa in Dubai, Universal Studios Singapore, Singapore Oceanarium and Adventure Cove Waterpark. The facility will allow Indian visitors to make online bookings and payments using their preferred UPI applications, making travel planning and ticket purchases more convenient. The Ministry of Finance announced the development on Friday, October 30, highlighting the growing acceptance of India's digital payment system in international markets. The initiative has been enabled…

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30

Oct

By The Press Editor

Business

PNB probe intensifies into Greater Noida branch fraud, returns Rs 43 lakh to customers in 3 claims

Greater Noida: The safety of hard-earned savings deposited in banks is one of the biggest concerns for customers. So, when allegations of financial irregularities involving savings accounts or Fixed Deposits (FDs) surface, anxiety among depositors is only natural. Following complaints of alleged financial irregularities involving customers' FDs and savings accounts at a Punjab National Bank (PNB) branch in Greater Noida, the bank has issued an official statement, assuring customers that the matter is being investigated on priority. PNB said it has already returned Rs 43 lakh under three claims and assured customers that all other claims found to be genuine…

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30

Oct

By The Press Editor

Business

India’s extreme poverty drops from 27.1% to 2.6%, one of the fastest in the world: World Bank

In a breakthrough for country’s fight against poverty, the Modi government has made substantial progress in reducing the number of people living in extreme poverty. According to the World Bank's latest report, the percentage of people living in extreme poverty in India has seen a dramatic decline over the last decade, from 27.1 per cent in 2011 to 2.6 per cent in 2023.  The report hailed India's improvements across both monetary and non-monetary measures of poverty, terming "it is one of the fastest poverty declines in the world." As per the report, the proportion of people leaving below the lower-middle-income…

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30

Oct

By The Press Editor

Business

Crypto giant Binance rocked by suspected $6.3 billion breach, freezes deposits and withdrawals

Binance, the world's largest cryptocurrency exchange, is investigating a suspected security breach that may have exposed assets worth around $6.3 billion. The company said on Thursday that it was examining the incident, but has yet to confirm whether any funds were stolen or determine the full extent of the potential damage. Blockchain analysis firm TRM has attributed the $6 billion crypto hack to North Korea. Binance, meanwhile, has temporarily suspended deposits and withdrawals as it carries out security checks and works with law enforcement agencies and industry partners to investigate the incident. Binance says $3 billion in assets frozen so…

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29

Oct

By The Press Editor

Business

Muthoot Forex and MoneyGram business partnership launched

New Delhi: The Muthoot Group announced the official launch of the business partnership between MoneyGram and Muthoot Forex Ltd, one of the 20 divisions of The Muthoot Group. The launch ceremony was held at the Corporate Office (North) of The Muthoot Group, MG George Muthoot Towers-3, Alaknanda, New Delhi.  The event was graced by Alexander George Muthoot, Managing Director of Muthoot Finance, along with senior officials from both MoneyGram and The Muthoot Group. A key highlight of the event was the official exchange of the partnership agreement between Alexander George Muthoot, Managing Director of Muthoot Finance, and Naved Ashraf, Sr. Regional Commercial…

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29

Oct

By The Press Editor

Business

From revised charges on fuel to transport fees, SBI Card rules set to change from December 1: Details

If you use SBI Card credit cards, a joint venture between the State Bank of India and GE Capital, you need to know this update. Starting December 1, 2026, certain fuel and transportation transactions will incur additional fees. SBI Cards announced these changes in a notice dated October 27, 2026. The new rules will particularly impact those who make large transportation payments with credit cards or who spend heavily on petrol and diesel in a single billing cycle. 1% fee on transport payments above Rs 30,000 According to the new SBI Card rules, starting December 1, a 1 per cent…

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29

Oct

By The Press Editor

Business

Noida Authority eases industrial norms, land transfer fees reduced by 3%, shareholding rules relaxed

Transfer fees for operational industrial units in Noida will now be 7 per cent, down from 10 per cent. The Noida Authority Board has approved changes to the Unified Regulations 2025. The Board also relaxed time extensions for construction and commencement of production for industrial units, penalties for delays in reporting changes in company shareholdings, and the process for changing a company's legal structure. Transfer fee was increased from 4 per cent to 10 per cent in 2025 The Unified Regulations 2025 increased the transfer fee for operational industrial units from 4 per cent to 10 per cent. Now, it…

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